ASSETS & FINANCIALS

Expectations are high as Heritage Bank leverages on the approvals of its acquisition of Enterprise Bank by both the Central Bank of Nigeria (CBN) and the Federal High Court to provide quality service. The consummation of the deal brokered by …

The Central Bank of Nigeria’s (CBN) assistant director, Development Fund Department, Jonathan Tobin, said N9.6 trillion was needed to adequately fund Micro, Small and Medium Enterprises (MSMEs) in Nigeria. Tobin said this on Tuesday in Abuja at a workshop on …

As naira value falls again There are indications that the efforts of the Central Bank of Nigeria (CBN) at stabilising the foreign exchange (FX) may be threatened by the hot money in circulation chasing the dollars. Hot money is the …

Nigerian women entrepreneurs of various sectors of the economy have received Access Bank plc’s empowerment to the tune of over N11 billion loan advances within one year of introduction of its “W” initiative. A breakdown of the disbursement shows that …

The Central Bank of Nigeria (CBN) and the International Finance Corporation (IFC), a member of the World Bank Group, have said that the current difficulties being faced by Nigeria’s micro, small and medium enterprises (MSMEs) in accessing funds to develop …

The decision of the Central Bank of Nigeria to deny importers of 41 items access to the nation’s foreign exchange markets through Deposit Money Banks is paying off and is in the right direction, a financial expert has said. Two …

Heritage Bank Limited and the Entrepreneurship Development Center of the Pan-African University have partnered to bring together top chief executive officers to discuss emerging horizons for Small and Medium Enterprises in the country. The CEOs will, among other things, discuss …

The Nigerian currency, the Naira, last week, regained its strength and appreciated to N208 to the Dollar in the parallel market, compared with N212 it traded for on Thursday last week. The British Pound Sterling and the Euro also traded …

  The Ministry of Aviation has alleged that the debts owed to the aviation agencies by Nigerian airlines have risen to about N100 billion. These debts are owed to the Federal Airports Authority of Nigeria (FAAN), the Nigerian Airspace Management …

Nigeria and other sub-Saharan African countries are increasingly issuing hard-currency bonds with staggered rather than one-off repayments, seeking to minimise the risk that volatile commodity prices will play havoc with their finances. Governments across the continent – from oil-producing Nigeria …

The Central Bank of Nigeria, CBN, has denied accreditation to foreign printers who hitherto printed cheque books for some Nigerian banks. In a circular released, yesterday, entitled: “Circular to deposit money banks, cheque printers and other stakeholders on the accreditation …

In a bid to increase export capacity and support direct investment flows, the Commonwealth of Nations has vowed to support the Nigerian government to attract the right trade and investment opportunities needed to achieve economic growth and development. Director General, …

Zenith Bank Plc has reported a growth of 24 per cent in gross earnings for the half year ended June 30, 2015. The  audited half-year results released on the floor of the Nigerian Stock Exchange (NSE) showed that gross earnings …

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), South-east Zone and the Technological Entrepreneurship Development Centre (TEDC), has trained over 3000 final year students of the Federal Polytechnic Nekede, Owerri, Imo State on how to start and run …

The Lagos Chamber of Commerce and Industry is of the opinion that unveiling of economic blueprint by the Federal Government will stem the tide of declining investor confidence in the economy. The chamber stated this in a communiqué made available …

The naira firmed against the dollar on the parallel market, last week, following central bank sales of about $80 million to bureau de change operators, traders said. The local currency was trading at N215 to the dollar on the parallel …

The International Monetary Fund (IMF) has said the rate of financial penetration in Nigeria was still low compared with her peers. The multilateral institution noted that recent surveys indicated that although Nigeria’s financial penetration rate was improving, the number remains …

The Central Bank of Nigeria (CBN), initiated name and shame campaign of banks’ delinquent debtors gained further momentum on Wednesday as First Bank, Access Bank, First City Monument Bank Limited (FCMB) and Ecobank Nigeria published their lists, according to the …

More banks to publish debtors’ list this week In line with the bankers’ committee directive, Fidelity Bank Plc put the amount of debt owed by its delinquent debtors at N6.126 billion. The bank also published the names of the directors …

Manufacturers and Importers are lamenting the impact of the new directive of CBN on the Form ‘M’ on their businesses. This was after a directive from the Central Bank of Nigeria (CBN) mandating all importers of goods not valid for …